Full Press Release Details
SPACEHAB NAMES ADAMS TO BOARD OF DIRECTORS
Houston, Texas, April 5, 2007 SPACEHAB, Incorporated (NASDAQ: SPAB), a
leading provider of commercial space services, today announced the appointment of
Mark Adams to the Company s Board of Directors. Adams currently serves as
Chairman, President, and Chief Executive Officer of Advocate, MD Financial
Adams appointment fills the board vacancy created by the recent
retirement of former SPACEHAB President and CEO, Michael E. Kearney.
Specializing in strategic and innovative sales strategies and
building high performance organizations, Adams career has spanned the high
tech and manufacturing industries applying innovative business principles to
produce notable accumulated growth in net income. He has served in senior
management sales and business management roles throughout his career at
companies such as Xerox, Johnson & Johnson, and Bostik-Findley. The Founder
and Chief Executive Officer of Advocate MD, a stock insurance medical liability
carrier based out of Austin, Texas, Adams leads the company s strategic, financial,
and business development initiatives.
Adams diverse experience and exceptional track record will
be a valued asset for SPACEHAB during a critical time of transition and growth
for the Company, said Barry A. Williamson, SPACEHAB Chairman of the Board. He
has served in key operations and strategic sales roles during his successful
career and his insight and management style will be invaluable as SPACEHAB directs
its focus on building the company s Business Development Division and improving
It is clear that SPACEHAB has an extraordinary heritage in
space providing a valuable launch pad for attracting new business from NASA,
the DoD, and commercial interests, said Adams. I am honored to have the
opportunity to contribute to the next chapter of SPACEHAB s development.
Adams holds a B.B.A Degree in Marketing from Texas State
University and currently serves on the Board of Directors of five other
organizations including privately held and non-profit organizations.
About SPACEHAB, Incorporated
Incorporated in 1984,
SPACEHAB (www.spacehab.com) is a leading provider of commercial space
products and services to NASA, international space agencies, Department of
Defense, and private customers
worldwide. The Company offers end-to-end space access solutions, space systems
development, mission integration and pre-launch processing facilities and
services, and large-scale government program support services. From securing a
spaceflight opportunity and facilitating the integration of spacecraft and payloads
for launch, to developing human habitats, supplying the International Space
Station, and coordinating the transport and operation of cargo and experiments
to and from orbit, SPACEHAB clearly demonstrates that We Mean Business in
statements in this document may contain forward-looking statements that are
made pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to
risks, trends, and uncertainties that could cause actual results to be
materially different from the forward-looking statement. These factors include,
but are not limited to, continued government support and funding for key space
programs, product performance and market acceptance of products and services,
as well as other risk factors and business considerations described in the
company s Securities & Exchange Commission filings including the annual
report on Form 10-K. Any forward-looking statements in this document should be
evaluated in light of these important risk factors. The Company assumes no
obligation to update these forward-looking statements.
FOR MORE INFORMATION:
Eva-Marie deCardenas
Corporate Marketing and Communications